This property looks like a bad Airbnb investment with a projected -16.16% first-year return on $193k initial cash invested.
-16.16%
Cash On Cash
2.56%
Cap Rate
0.42
DSCR
$4,430
Rent
-$2,592
Cashflow
Cash Flow
$4,430 income − $7,022 expenses = $2,592 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,311
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,430
Total Expenses
$7,022
Mortgage P&I
95%
$4,187
Property Taxes
9%
$411
Home Insurance
7%
$298
HOA
0%
$0
Property Management
15%
$664
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,108